National Bank Financial Predicts RCI Q1 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Stock analysts at National Bank Financial issued their Q1 2025 earnings estimates for shares of Rogers Communications in a research report issued to clients and investors on Monday, March 31st. National Bank Financial analyst A. Shine expects that the Wireless communications provider will post earnings per share of $0.71 for the quarter. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%.

Several other brokerages have also weighed in on RCI. Morgan Stanley initiated coverage on Rogers Communications in a report on Monday, December 16th. They issued an "underweight" rating for the company. Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Scotiabank cut Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday. Finally, Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications presently has a consensus rating of "Hold" and a consensus target price of $61.75.

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Rogers Communications Stock Up 3.0 %

Shares of RCI traded up $0.77 during midday trading on Wednesday, hitting $26.06. The company had a trading volume of 2,025,830 shares, compared to its average volume of 979,261. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. Rogers Communications has a 52 week low of $24.76 and a 52 week high of $41.84. The company's 50 day moving average price is $27.78 and its 200 day moving average price is $32.53. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.43 and a beta of 0.67.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were given a $0.347 dividend. This represents a $1.39 annualized dividend and a yield of 5.33%. The ex-dividend date was Monday, March 10th. Rogers Communications's dividend payout ratio is presently 59.48%.

Institutional Investors Weigh In On Rogers Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Rogers Communications by 106.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider's stock worth $5,383,000 after acquiring an additional 68,971 shares during the period. FMR LLC increased its stake in shares of Rogers Communications by 2.8% in the third quarter. FMR LLC now owns 2,496,298 shares of the Wireless communications provider's stock valued at $100,372,000 after purchasing an additional 68,759 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Rogers Communications by 107.3% during the third quarter. BNP Paribas Financial Markets now owns 37,436 shares of the Wireless communications provider's stock valued at $1,505,000 after buying an additional 19,378 shares during the last quarter. PEAK6 Investments LLC acquired a new position in shares of Rogers Communications during the third quarter worth approximately $305,000. Finally, Verition Fund Management LLC boosted its position in shares of Rogers Communications by 7.9% during the third quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock worth $301,000 after buying an additional 551 shares during the period. 45.49% of the stock is currently owned by institutional investors.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.